FEMD vs. IWS
FEMD (First Eagle Mid Cap Equity ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both Mid Cap Value Equities funds. FEMD is actively managed, while IWS is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. FEMD charges 0.55%/yr vs 0.23%/yr for IWS.
Performance
FEMD vs. IWS - Performance Comparison
Loading charts...
Returns By Period
FEMD
- 1D
- 0.74%
- 1M
- 4.55%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWS
- 1D
- 0.55%
- 1M
- 3.20%
- YTD
- 16.41%
- 6M
- 14.81%
- 1Y
- 26.38%
- 3Y*
- 17.44%
- 5Y*
- 8.89%
- 10Y*
- 10.62%
FEMD vs. IWS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMD First Eagle Mid Cap Equity ETF | 7.15% |
IWS iShares Russell Mid-Cap Value ETF | 10.85% |
Correlation
The correlation between FEMD and IWS is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026 | 0.94 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEMD vs. IWS — Risk / Return Rank
FEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWS
FEMD vs. IWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) and iShares Russell Mid-Cap Value ETF (IWS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMD | IWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.52 | — |
| Martin ratioReturn relative to average drawdown | — | 13.19 | — |
Loading charts...
Drawdowns
FEMD vs. IWS - Drawdown Comparison
The maximum FEMD drawdown since its inception was -11.51%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for FEMD and IWS.
Loading charts...
Drawdown Indicators
| FEMD | IWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -62.40% | +50.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.83% | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.70% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -8.00% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
FEMD vs. IWS - Volatility Comparison
Loading charts...
Volatility by Period
| FEMD | IWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 13.56% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 17.33% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 19.35% | +1.43% |
FEMD vs. IWS - Expense Ratio Comparison
FEMD has a 0.55% expense ratio, which is higher than IWS's 0.23% expense ratio.
Dividends
FEMD vs. IWS - Dividend Comparison
FEMD has not paid dividends to shareholders, while IWS's dividend yield for the trailing twelve months is around 1.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMD First Eagle Mid Cap Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWS iShares Russell Mid-Cap Value ETF | 1.33% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
Frequently Asked Questions
With a correlation of 0.94, FEMD and IWS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IWS is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWS is cheaper with a 0.23% expense ratio, compared with 0.55% for FEMD.
IWS has the higher dividend yield at 1.33%, compared with 0.00% for FEMD.
They also come from different issuers: First Eagle and iShares. Their fees differ too: 0.55% for FEMD and 0.23% for IWS.
Find the right allocation for FEMD and IWS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer